JustSalad Leases Retail Space At 182 North 4th Street In Williamsburg, Brooklyn
182 North 4th Street, Williamsburg, Brooklyn, NY, USA
Building Size
1,500 SF
Asset Type
Retail
Closing
Nov 3, 2021
AI
Located at 182 North 4th Street in Williamsburg, Brooklyn, this property is a 1,500 square feet retail space that was recently leased. The lease agreement was finalized on 11/03/2021. The property is owned by CB Developers and SK Development, represented by Scott Shnay. The tenant for this space is JustSalad, a popular salad restaurant. Neil Seth from Cushman & Wakefield acted as the tenant's representative in the lease negotiation. On the landlord's side, the representatives are Carolina Aziz and Ike Bibi from KSR. The asking rent for this retail space was $200 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 182 North 4th Street, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Landlord: CB Developers & SK Development - Scott Shnay
- Tenant: JustSalad
- Tenant's Rep: Neil Seth - Cushman & Wakefield
- Landlord's Rep: Carolina Aziz & Ike Bibi - KSR
- Asking Rent: $200/ft.
- SF: 1,500
The individuals and companies involved in this lease deal include JustSalad as the tenant, represented by Neil Seth from Cushman & Wakefield. On the landlord's side, CB Developers and SK Development are the owners, represented by Scott Shnay. The lease negotiation was facilitated by Carolina Aziz and Ike Bibi from KSR.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93